Fix & Flip Loan Program

Fix & Flip Program

ATTENTION INVESTORS

You were invited to our website to get Pre-Approved for our Fix & Flip Program. PhoneOps Fix & Flip Program is designed for the following types of properties:

Single Family
dwellings

2 to 4 Units

Multi-Family
(5-10+ Units)

Mix Use

Condos

And More…

If you are interested in rehabbing any of the property types above, then our program is great for you. 

 

 

PHONEOPS FIX & FLIP PROGRAM IS AVAILABLE NATIONWIDE

EXCEPT: MN, ND, OR, SD, UT & VT!!!

 

 

Guidelines: 

This program has standard guidelines and here’s just a few:

Loan Amounts:

(1-4 Units)

$50K to $5M

Loan Amounts:

(5+ Units)

$500K to $5M

Term:

(1-5+ Units)

12mos – 18mos

LTV:

(1-4 Units)

Up to 90%

LTV:

(5+ Units)

Up to 75%

ARV:

(1-5+ Units)

Up to 70%

Total Project Cost :

(1-4 Units)

Up to 85%

Total Project Cost:

(5+ Units)

Up to 90%

Rates:

(1-5+ Units)

11% to 14%+

FICO:

(1-4 Units)

620+

FICO:

(5+ Units)

680+

LTV for Rehab:

(1-5+ Units)

100%

 

Download the full Guidelines to better understand if your project is a good fit:

 

NOTE: All projects that does not fit our Wholesale Guidelines, we may get your project closed on the Retail side. Submit your application today to start the 3-Step Process to determine approval. 

 

MINIMUM REQUIREMENTS:

* Must be able to show proof of down payment

* A Tri-Merge Credit Report fee of $57

A valid Driver’s License or State ID

* Must have a Checking Account

* Application Fee $295 WAIVED

* A Social Security number

Fix & Flip Program Online Application